Webull (NASDAQ:BULL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Webull (NASDAQ:BULL) from a strong sell rating to a hold rating in a research report released on Sunday.

A number of other brokerages have also recently issued reports on BULL. Rosenblatt Securities cut their target price on shares of Webull from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Northland Capmk raised Webull to a “strong-buy” rating in a report on Thursday, September 4th. Northland Securities initiated coverage on Webull in a research note on Thursday, September 4th. They set an “outperform” rating and a $18.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Webull in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Webull to a “hold” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Webull has an average rating of “Moderate Buy” and an average price target of $16.50.

Webull Trading Up 0.3%

Webull stock opened at $8.70 on Friday. The firm’s 50-day moving average is $11.41 and its 200-day moving average is $12.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. Webull has a 1 year low of $7.57 and a 1 year high of $79.56. The company has a market cap of $4.30 billion, a P/E ratio of -7.77 and a beta of -0.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Webull during the second quarter valued at $120,000. Caitong International Asset Management Co. Ltd bought a new position in Webull in the 2nd quarter valued at about $439,000. Marathon Trading Investment Management LLC acquired a new position in Webull during the 2nd quarter valued at about $598,000. Geode Capital Management LLC bought a new stake in shares of Webull during the 2nd quarter worth about $3,810,000. Finally, Warberg Asset Management LLC bought a new stake in shares of Webull during the 2nd quarter worth about $359,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

About Webull

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.